Industry News
DAYTON, Ohio (BRAIN) — Organizers of the 2021 Recumbent Cycle-Con have postponed the event, which had been scheduled for Oct. 8-10, because of COVID-19 concerns. The 2020 event was also postponed.
ANOKA, Minn. (BRAIN) — Vista Outdoor's Action Sports division, which includes the bike accessory brands Giro, Bell and Blackburn, saw a 26% increase in revenues in the most recent quarter. The division's sales were $92.1 million, up from $72.9 million in the same period last year.
COIMBRA, Portugal (BRAIN) — SRAM officially opened a new TIME pedal factory here on Friday, with an inauguration celebration presided over by the mayor. The city said the factory will produce 200,000 pairs of pedals per year and create 25 new jobs by next November.
WESTPORT, Conn. (BRAIN) — BOA Technology sales were up 58% in the first half of the year over the same period last year, according to quarterly reports from Compass Diversified, which acquired the company last year for $454 million.
WATERLOO, Wis. (BRAIN) — Following an emissions audit in the past year, Trek Bicycle announced Wednesday operational areas it will address to reduce its carbon footprint. WAP Sustainability Consulting conducted the audit to measure Trek's environmental impact.
OLATHE, Kan. (BRAIN) — With double-digit growth in all categories, Garmin Ltd. reported second-quarter total revenue increased 53% year-over-year.
DENVER (BRAIN) — Samuel J. Mancini, the managing director of a Denver-based fund that had plans to invest in cycling companies, was arrested in Denver last week and faces federal securities fraud, wire fraud and money laundering charges.
OSAKA, Japan (BRAIN) — Shimano only briefly mentioned the global bicycle part shortages in a typically terse first-half financial results announcement, which reported that sales in its bicycle product division were up 73.4% in the first half of its fiscal year, compared to the same period in 2020.
LONDON (BRAIN) — The U.S.-based cycling apparel company Velocio is aligning with manufacturers in three other countries to provide clothing repair services to customers in those nations. The brands say the cooperation will reduce international shipping, benefitting the environment and reducing costs.
WASHINGTON (BRAIN) — An e-bike tax credit bill similar to the one created in the House in February was introduced into the Senate last week.
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. notched a sales increase of 3.3% in the first half of its fiscal year, but the company said it could have done better if not for supply and logistical issues.
FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike released its initial exhibitor list this week for the upcoming 29th edition of the expo that will be held for the first time in two years following the COVID-19 pandemic.
BRAIN is planning a special Gear Guide in our September issue devoted to bike lights.
BOULDER, Colo. (BRAIN) — Titanium bike and component manufacturer Janus Cycle Group announced Thursday it sold all company assets to Phil Joseph, a former real estate executive.
STOCKHOLM (BRAIN) — Continued global demand for bike helmets drove MIPS' year-over-year 115% net sales increase in the second quarter, with organic growth rising 139%.
(BRAIN) — With 12 weeks to go until the scheduled event, organizers of Sea Otter Australia have decided to postpone it until 2022.
POOLE, England (BRAIN) — Bike and motorcycle care company Muc-Off announced Wednesday it exceed a goal to reduce plastic packaging and will expand its Project Green initiatives.
STOCKHOLM (BRAIN) — Thule Group net sales increased 58.1% for the second quarter year-over-year, partially driven by sport and cargo carrier sales with more people this year traveling by vehicle after the lockdown of 2020.
OSAKA, Japan (BRAIN) — Shimano has re-opened its factory in Malaysia, according to a report out of Europe. The company's factory there had been closed since about June 14, and had operated at 60% capacity for two weeks before that, due to the COVID-19 pandemic.
AUSTIN, Texas (BRAIN) — Upscale consumer-direct kids bike brand woom has merged its U.S. and European operations, saying the move will enhance supply chain and manufacturing capacities and eventually double its workforce globally.
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